Moderator
Revelate
Posts: 8,318
Registered: ‎12-30-2011
Re: How many cards
[ Edited ]

JonStur wrote:

You can 180 cards, doesn't matter if you're responsible. I would hold off with the AMEX everyone's recommending, your baddies are still too recent in my opinion.


Not certain on this, we had a report a few months ago about someone with 20ish cards, who closed several, and got a non-trivial FICO boost.

 

While I can't say this isn't YMMV, I don't think the "have as many cards as you want" is a good plan: I think if you're more than something akin to one standard deviation outside the national averages, expect to have a more significant look taken at your credit report by any lender's underwriting.  No different than showing a bureaucrat what they're expecting to see in my opinion.

 

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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